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E-CIGARETTES 

As per a report of WHO, Electronic Nicotine Delivery Systems [ENDS] [also known as e-cigarettes] heat a solution to create an aerosol which frequently contains flavourants, usually dissolved into Propylene Glycol or/and Glycerin. ENDS aerosol contains nicotine, the addictive component of tobacco products. In addition to dependence, nicotine can have adverse effects on the development of the foetus during pregnancy ...

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Customs Duty on US Products 

The USA imposed a global additional tariff of 25% and 10% on import of steel and aluminum products in March, 2018. In response, Government of India has imposed retaliatory tariffs on 28 products originating or exported from the US with effect from 16th June, 2019 vide notification no. 17/2019-Customs dated 15th June, 2019 of Department of Revenue. The retaliatory tariffs are expected ...

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Policy to Increase Export of Steel 

Export incentive schemes of Ministry of Commerce & Industry are aimed at incentivising merchandise exports including steel. Over the last three years, steel imports from China have come down from 2.163 Million MT to 1.562 Million MT.  This is a result of imposition of Antidumping and Countervailing measures on Chinese steel imports. Steel being a deregulated sector, specific decision on ...

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Policy for Regulation of E-Commerce 

 E-commerce activities are governed by a number of Regulations and Acts of the Government. Information Technology Act 2000 provides legal recognition for the transactions carried out by means of electronic data interchange and other means of electronic communication, which involve the use of alternatives to paper based methods of communication and storage of information. Ecommerce companies have to comply with ...

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SEZ Policy review committee report 

TheGovernment had constituted a Group of eminent persons under the Chairmanship of Baba Kalyani, Chairman M/s. Bharat Forge to study the Special Economic Zone (SEZ) Policy of India on 04.06.2018.  The Group submitted its report to the Governmentlast month.  The key recommendations of the Group are as under: Framework shift from export growth to broad-based Employment and Economic Growth (Employment ...

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SEZ Policy Report Submitted to Commerce Minister 

The Baba Kalyani led committee constituted by the Ministry of Commerce& Industry to study the existing SEZ policy of India submitted its report to the Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi today. The objectives of the committee were to evaluate the SEZ policy and make it WTO compatible, suggest measures for maximizing utilisation ...

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Commerce Minister Releases Report on Industrial Park Rating System

             The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, released the report prepared by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, on Industrial Park Rating System. Speaking on this occasion, Commerce Minister said that manufacturing has emerged as one of the high growth sectors in India and it has moved 23 places ...

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SEZ Policy Review Committee holds final meeting in New Delhi 

The SEZ Policy Review Committee, headed by Baba Kalyani, met in New Delhi. This was the final round of consultations with the committee members under the chairmanship of the Commerce Secretary. The group held its first meeting on 22nd June this year under the chairmanship of Commerce & Industry Minister Suresh Prabhu. Subsequently, the group met again on 9th July and 20th August, ...

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Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley

The Committee constituted by Government of India in July 2018  to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to promote better corporate compliance, has submitted its report here today. The report was presented to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley by Secretary, Ministry of Corporate ...

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Ministry of Shipping issues new guidelines for improving treasury investment for Major Ports  Potential to increase Surplus at ports by Rs 150 Cr 

The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports. One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around Rs 33,000 crore, yielding interest of ...

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